🎆wTIA Staking Pools
The Trestle staking program plays a significant role in rewarding our loyal supporters with passive yield while also making our token deflationary by implementing a combination of short-term and long-term deflationary measures.
We initially started with a 30 day pool (Season 1). After the success of this pool, we are continuing to build and fund wTIA staking pools through project revenue and cash reserves.
Here's how the staking program contributes to these goals:
Lock Periods: The staking program introduces a minimum lock period of 14 days and a maximum lock period of 90 days. This extended lock period encourages users to commit to staking for a more extended duration.
Staking Tiers and Multipliers: Staking tiers and multipliers are implemented to incentivize longer lock periods. Users who choose to stake for 45 days, for example, can earn nearly six times more rewards compared to those who opt for a shorter 14 day lock period.
Penalty Fee: To discourage premature unstaking, a penalty fee ranging from 10% to 20% is imposed on the original $TRESTLE tokens initially staked. This penalty fee is automatically burned. Importantly, the longer a user stakes, the higher the penalty fee, creating a strong disincentive for early unstaking.
For instance, if a user decides to stake for a 14 day period but later chooses to unstake 100,000 $TRESTLE tokens before completing this period, a penalty fee of 10% (10,000 $TRESTLE tokens) would apply, automatically resulting in a burn of the tokens.
Once staked, you can claim your $wTIA or $TRESTLE rewards at any time
Through this unique pool and staking mechanism, we aim to reward our trusted community of Trestlers by providing them passive revenue as our protocol continues to build and new products release.
Season 1 Staking
Season 1 Staking has concluded.
Visit the Staking Page on the protocol to access your staked $TRESTLE
You will need to migrate the old wTIA (all rewards during Season 1)
Season 2 Staking
The following rewards are available:
wTIA Rewards ($250K USD equivalent in wTIA rewards)
14 Day Lock Up (2x Multiplier, 10% Burn Fee)
30 Day Lock Up (4x Multiplier, 15% Burn Fee)
45 Day Lock Up (6x Multiplier, 20% Burn Fee)
Trestle Rewards ($150K USD)
30 Day Lock Up (2x Multiplier, 10% Burn Fee)
60 Day Lock Up (4x Multiplier, 15% Burn Fee)
90 Day Lock Up (6x Multiplier, 20% Burn Fee)
Stardust
Exclusive access to T-Chain testnet
The $TRESTLE rewards available in staking are supplied from our buyback wallets. This ensures that no new tokens are in circulation from the treasury, and allows us to reward our loyal holders with tokens that were purchased by the team.
FAQ
Do I need to migrate my wTIA that was bridged or earned prior to March 13, 2023?
Yes. However, there's no immediate need to do so. You can migrate when the time is right for you. We have a migration contract which will remain open for the next 30 days.
Please note that the Trestle bridge will only work with the new wTIA contract, as will all future products and features that utilize wTIA.
The bridge will require the new wTIA token (18 decimal version), not the old 9 decimal version. The old wTIA token will not work!
Will Season 2 wTIA staking rewards be the same as Season 1?
No. Rewards from Season 2 staking will automatically be with the new wTIA token contract. Old wTIA rewards need to be migrated to the new token at your convenience.
The new wTIA token also has a new Uniswap pool.
Will my Season 1 wTIA rewards be worthless?
Yes and no! As noted previously, the old wTIA will essentially be rendered useless in the sense that the new bridge, Uniswap Pool, and all future wTIA features and products will utilize the new wTIA contract. Your old wTIA will still have the same VALUE as the new wTIA token. All you need to do is migrate your old wTIA to the new wTIA in the next 30 days. The migration contract has enough new wTIA to accommodate all the supply needing to swap!
The supply and pool will be the exact same on the new wTIA contract and still fully backed with TIA on the Celestia side.
If I unstake and I have unclaimed rewards, what happens to my rewards?
Unstaking from the staking pools will automatically claim your rewards. This is a more gas efficient operation than claiming the rewards first, then unstaking after.
I staked my Trestle a few days before Season 1 ended, what happens now? Can I unstake without a penalty? Will I still earn rewards?
If you are currently staked and have time remaining before your staking period ends, you will need to remain staked even though Season 1 has ended.
You will not receive any further rewards as Season 1 rewards have ended. While you can exit the pool early, you will be subject to the unstaking penalty associated with the pool you are in.
We understand this may disappoint some, but nothing can be done about it. The pool contracts were written in a manner that does now allow for us to modify the code base in any way that solves for this situation unfortunately.
Your only options are to remain patient and unstake when the period ends or unstake early and eat the penalty. Alternatively, you can buy more Trestle and stake to take advantage of the Season 2 pools earlier.
I believe I've migrated the "old" wTIA for the "new" wTIA but why don't I see the new wTIA in my wallet?
If you believe you've correctly migrated your old wTIA for new wTIA and there's no new wTIA in your wallet be sure that you executed both an APPROVE transaction and a SWAP transaction.
To correctly migrate your wTIA it involves 2 transactions! If you've only done 1, that is a clue that you have not completed all the necessary steps.
When I’m trying to migrate “old” wTIA for the “new” wTIA - why is the swap button greyed out?
It seems to be a localized issue for a very small subset of users, if you’re experiencing this please create a support ticket and we’ll get you all sorted!
When I staked wTIA I didn't know there was going to be a migration to a new wTIA and now my rewards are diluted or negative because of Ethereum gas prices!
We under your frustration. It was absolutely imperative that we migrate our old 9 decimal based wTIA contract to an 18 decimal variation. It's essential for the future of Trestle and wTIA because it allows us to integrate with very important future partner projects/protocols. The value of those relationships will far offset the perceived loss in value that you may experience because of Ethereum gas prices.
On the topic of ETH gas prices, obviously we realize this is a paint point for everyone... including us (It costs a lot of money to deploy contracts such as the migration contract for example). There is nothing that can be done there. That's an Ethereum problem.
That said, we do care about the community and as a thank you to those of you who chose to stake 30-days with us, we are going to airdrop you a bonus amount of Stardust (aka Trestle points) when Trestle Chain goes live.
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